Douglas Emmett (DEI) Earning Somewhat Favorable News Coverage, Report Shows
News coverage about Douglas Emmett (NYSE:DEI) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Douglas Emmett earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.1158635475329 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research firms have recently issued reports on DEI. BidaskClub lowered Douglas Emmett from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Janney Montgomery Scott began coverage on Douglas Emmett in a report on Friday, September 8th. They set a “neutral” rating on the stock. Stifel Nicolaus upgraded Douglas Emmett from a “hold” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $42.00 in a report on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Douglas Emmett in a report on Sunday, September 24th. Finally, TheStreet upgraded Douglas Emmett from a “c+” rating to a “b-” rating in a report on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Douglas Emmett presently has an average rating of “Hold” and a consensus target price of $40.67.
Douglas Emmett (NYSE:DEI) traded down $0.60 during mid-day trading on Tuesday, reaching $39.84. The company’s stock had a trading volume of 737,804 shares, compared to its average volume of 746,758. The company has a market capitalization of $6,872.56, a price-to-earnings ratio of 21.45, a PEG ratio of 3.34 and a beta of 0.71. Douglas Emmett has a 52-week low of $35.27 and a 52-week high of $41.19.
Douglas Emmett (NYSE:DEI) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $208.75 million for the quarter, compared to analyst estimates of $203.99 million. Douglas Emmett had a return on equity of 2.58% and a net margin of 11.29%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. equities analysts forecast that Douglas Emmett will post 1.9 earnings per share for the current year.
In other Douglas Emmett news, Chairman Dan A. Emmett sold 100,000 shares of Douglas Emmett stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $38.99, for a total value of $3,899,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 17.80% of the company’s stock.
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About Douglas Emmett
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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